New York June 10 (IANS) US stocks traded higher in the morning session on Friday as investors mainly digested former FBI Director James Comey s testimony and the British general election.
By noon the Dow Jones Industrial Average was up 98.22 points or 0.46 per cent to 21 280.75. The S&P 500 rose 10.20 points or 0.42 per cent to 2 443.99. The Nasdaq Composite Index gained 6.19 points or 0.10 per cent to 6 327.95 Xinhua reported.
Comey on Thursday told Congress the contents of his interactions with US President Donald Trump since election day amid concerns that Trump tried to interfere with an ongoing probe on Russia.
US stocks have posted solid gains after Trump s election as market expectations for tax reforms deregulation and infrastructure spending were a key catalyst.
But turmoil in Washington triggered market concerns on whether the Trump administration could continue to push its reform agenda.
Meanwhile investors also digested a widely unexpected result of the Britain s general election.
As British Prime Minister Theresa May gambled her political future on calling for a snap general election seven weeks ago results from Thursday s election showed that her party can not form a majority government.
The results sent the British pound lower to its weakest level since April 18 against the dollar.
--IANS
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US stocks rise after Comey s testimony, Britain s election
